https://www.taxtmi.com/caselaws?id=120859 Goods supplied to a transmission project qualified for exemption under Notification No. 108/95-CE because the project was supported by the required certificate from the implementing authority and countersignature of the competent Government officer, and World Bank financing was in the pipeline even though disbursement was later sanctioned. The Tribunal followed its earlier ruling on the same project and held that subsequent delay in financing did not defeat the exemption. It also accepted that the clearances were made under a bona fide belief, so the duty demand and consequential penalties could not be sustained. en-us Fri, 30 Jun 2006 00:00:00 +0530 Wed, 25 Jul 2012 10:24:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120859 Goods supplied to a transmission project qualified for exemption under Notification No. 108/95-CE because the project was supported by the required certificate from the implementing authority and countersignature of the competent Government officer, and World Bank financing was in the pipeline even though disbursement was later sanctioned. The Tribunal followed its earlier ruling on the same project and held that subsequent delay in financing did not defeat the exemption. It also accepted that the clearances were made under a bona fide belief, so the duty demand and consequential penalties could not be sustained. Case-Laws Central Excise Fri, 30 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120859